'SPACs Attack' Recap: Looking Back At 5 SPAC Deals, Rumors And Top Headlines


The week kicked off with a large SPAC deal announced on Sunday, bringing a new global sports betting and online casino company public. Several other SPAC deals were announced throughout the week along with a couple rumors that could be worth a watch this week. Benzinga’s “SPACs Attack” covered the deals and news of the week.

Here is a look back at the announced deals, rumors and some top headlines.

SPAC Deals

On Sunday, online sports betting and gaming company Super Group Holding, the owner of Betway and Spin, announced a SPAC deal with Sports Entertainment Acquisition Corp (NYSE:SEAH) valuing the company at $4.75 billion. Super Group is licensed in 23 jurisdictions with plans to use its scale and technology to expand into additional territories. In the 12-month period ending March 2021, Super Group had over $42 billion of wagers and 2.5 million monthly unique active customers.

The company plans to expand the Betway brand in the United States. Super Group entered into an agreement with Digital Gaming Corporation for the rights to 10 US states. Betway has over 60 brand partnerships including the NBA’s Chicago Bulls, Golden State Warriors, Brooklyn Nets and Los Angeles Clippers.

Super Group had net gaming revenue of $1.1 billion in 2020 and EBITDA of $259 million. The company is estimating revenue to be $1.6 billion in fiscal 2021 and $1.8 billion in fiscal 2022.

Clarus Therapeutics announced a SPAC deal with Blue Water Acquisition Corp (NASDAQ:BLUW) valuing the company at $379 million. The pharmaceutical company develops metabolic therapies for men and women. Clarus said the acquisition will help accelerate the commercialization of JATENZO, a oral testosterone replacement therapy. Going public will also help the company fund additional items in its pipeline.

Enjoy Technology announced a $1.2 billion SPAC merger with Marquee Raine Acquisition Corp (NASDAQ:MRAC). Enjoy has multi-year commercial relationships with customers including AT&T (NYSE:T) in the United States, BT Group in the United Kingdom, Rogers Communication (NYSE:RCI) in Canada and select Apple Inc (NASDAQ:AAPL) stores in the United States. Enjoy is led by founder and CEO Ron Johnson, who helped develop Apple’s